NZD/USD stays firm above the near-term key moving average. A downside break can fetch the quote previous resistance while 0.6400 seems nearby resistance. Even if overbought relative strength index (RSI) triggered the NZD/USD pair’s pullback, the quote remains firm above 100-bar simple moving average on the four-hour chart (4H 100MA) while taking the bids to 0.6380 during the initial trading session on Friday. With this, prices are likely extending recent upside to the latest high near 0.6400 ahead of targeting 50% Fibonacci retracement level of August month downpour, at 0.6430. In a case of pair’s run-up beyond 0.6430, 61.8% Fibonacci retracement near 0.6470 and August 09 high near 0.6500 will please the bulls. Meanwhile, sellers are waiting for the pair’s dip below 4H 100MA level of 0.6370 in order to initiate fresh short positions targeting previous resistance-line (now support) at 0.6335. Should there be additional downside below 0.6335, 0.6300 and Tuesday’s low near 0.6270 will flash on bears’ radar. NZD/USD 4-hour chart Trend: bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash technical analysis: BCH/USD taking an unstoppable lead towards $300 FX Street 4 years NZD/USD stays firm above the near-term key moving average. A downside break can fetch the quote previous resistance while 0.6400 seems nearby resistance. Even if overbought relative strength index (RSI) triggered the NZD/USD pair's pullback, the quote remains firm above 100-bar simple moving average on the four-hour chart (4H 100MA) while taking the bids to 0.6380 during the initial trading session on Friday. With this, prices are likely extending recent upside to the latest high near 0.6400 ahead of targeting 50% Fibonacci retracement level of August month downpour, at 0.6430. In a case of pair's run-up beyond 0.6430, 61.8% Fibonacci… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
